Events organiser UBM, which is being taken over by Informa, said current trading was in line with expectations despite a "challenging" fashion sector.
Informa's £3.9bn offer for B2B events organiser UBM has been approved by the shareholders of both companies.
Informa's proposed acquisition of UBM has received a number of regulatory approvals and the companies are confident they can complete the deal by the end of the second quarter of this year.
Berenberg upgraded business-to-business event organiser UBM from 'sell' to 'hold' on Thursday and upped its target price from 675p to 930p as risks to the fashion industry, the firm's largest sector, seemed "less relevant now".
UBM posted a strong rise in annual profit in what is expected to be the events group's last set of results before the events company is taken over by rival Informa.
Informa agreed to buy UBM for £3.9bn to create a business-to-business (B2B) information giant as both companies reported positive trading for 2017.
Informa, the events and specialist publishing group, has agreed a potential merger with events-focused rival UBM in a deal that is expected to create a £10bn giant and generate "significant synergies".
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After Informa's recent impressive performance, Liberum said the stock was its preferred way to play the events sector, upgrading it to 'buy' from 'hold' and doing the reverse for rival UBM, where there are "questions" over why it has not performed better.
Events and business information provider UBM updated the market for the current financial year to date on Tuesday, reporting that trading since the half year has been "strong" with the group on track to deliver "significantly accelerated" adjusted underlying revenue growth in annual events for the full year, of at least the Global B2B Exhibitions Industry average.
Standard Chartered: Deutsche Bank upgrades to Hold with a target price of 653p.
TalkTalk: Credit Suisse downgrades to Underperform with a target price of 170p.
Companies with overseas and especially emerging markets exposure such as international banks, miners and tobacco producers are the way to play the UK's next economic phase, Citi said on Tuesday, picking a 'sweet 16' large and small cap stocks to buy, including AstraZeneca, Bellway and Keyword Studios.
UBM chairman Dame Helen Alexander died over the weekend, having taken a leave of absence for medical treatment only last month.
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Business information and events group UBM reported revenue of £448.4m in its first half on Friday - an improvement of 18% year-on-year, or 8.3% at constant currencies.
Sports Direct: Goldman Sachs upgrades to Neutral with a target price of 350p.
Trade publication and events group UBM has performed in line with management expectations and its outlook for the full year is unchanged.
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Events company UBM said full year pre-tax profits rose slightly to £120.1m from £119.6m.